Based on current trends, the Company forecasts revenues for the next quarter in the range of $265M to $295M.
"As we continue to expand in Asia and find new opportunities in emerging economies, our results may continue to be volatile, at least in the near-term," said Shaw Hong, CEO of OmniVision. "However, it is important for us to participate in these markets as they are integral to our strategy. We remain confident about our long-term growth prospects."
SeekingAlpha publishes Omnivision's earnings call transcript. Shaw Hong says on the acquisition prgress: "I would like to comment on the proposed acquisition from Hua Capital Management Ltd., or HCM, a Beijing-based investment management company. A few months ago, we received a preliminary non-binding proposal letter from HCM, pursuant to which a group of investors led by HCM proposed us to acquire all of the outstanding share of common stock of the company in cash at US$29 per share. While the company's board of directors is reviewing and evaluating HCM's proposal, no decision has been made with respect to the proposed transaction. There is no assurance that this or any other transaction will be consummated."
Few other quotes from Aurelio Cisneros - SVP, Worldwide Sales & Sales Operations:
"In a special case, an innovative dual sensor main camera design featuring our 8-megapixel product line was launched by a major Tier 1 China customer. This represents a major potential technology shift where dual camera designs are built for a multitude of reasons such as improved sensitivity, slim compact design requirements and innovative 3D data capture. If this trend spreads, the total available opportunity in the already enormous handset market could surge to higher volumes because dual camera designs could be used for the main camera as well as for the front-facing camera slot. The benefits of a dual camera design are applicable to either case."
"In our third fiscal quarter, we shipped 198 million units as compared to 246 million units in our prior quarter. The average selling price in our fiscal third quarter was $1.46 as compared to $1.60 in our prior quarter. The drop in ASP was attributed to the product mix and aggressive price erosion in some product categories, primarily products shipped to the China market.
Unit sales of 8-megapixel and above represented approximately 10% of total shipments in the fiscal third quarter, compared to approximately 12% of total shipments in the prior quarter. Unit sales of 3-megapixel to 5-megapixel category represented approximately 41% of total shipments, as compared to 42% in the prior quarter for the same category. Unit sales of 2-megapixel and below represented approximately 49% of total shipments, as compared to 46% in the prior quarter."
